We love to get paid for our work, especially when our salary arrives in our bank accounts earlier than the scheduled payday. But many employees don’t know that some companies may allow their companies to get some of the earned wages in advance before the scheduled payday. With earned access software, employees can get their earned wages earlier before the next payday comes. Here are some of the best-earned access software by earned wage access providers available right now.
10+ Earned Wage Access Software
1. Proliant
2. Payactiv
3. Branch
4. FinFit
5. Wisely by ADP
6. Rain
7. Tapcheck
8. ZayZoon
9. Wagestream
10. Clair
What Is Earned Wage Access Software?
Earned wage access software is an employee management software that allows employees to have access to a portion of their salary that they have earned before their scheduled payday. This earned wage software is used by employees to keep track of the money they earned for their work and check whether to get those funds now or wait for the next payday.
Benefits
Earned wage access software helps employees to keep track of how much they can withdraw early before their scheduled payday. The early wage access software allows employers to let their employees voluntarily compensate themselves for their services as part of employee benefits. The earned pay software is used by employers to employ hourly employees. Through the access earned wages software, employees can withdraw funds from their earned salary earlier for situations such as emergencies or payment of debts that are due before the scheduled payday. This can help fill up the bank accounts for employees who don’t have funds to spare before the scheduled payday. By providing an option for employees to access earned wages early, it can lead to improved financial stability for employees that can turn into a more productive workplace and reduce employee stress with proper compensation. The software also supports various financial software such as budgeting software tools and financial education software.
Features
Earned wage access software should enable employees to access the progress of their earned wages and withdraw their earned wages before their scheduled payday. The immediately earned wage access software should also provide a portal or dashboard application for employees to manage the progression of their earned wages. The wage access software should also be able to integrate with HR payroll software. The earned wage advance software should generate dashboard reports of how many employees they earned in their scheduled pay period.
- Access earned wage
- Withdraw earned wages before payday
- Earned access portal and dashboard
- Integrate with payroll software
- Generate dashboard reports on earned wages
Top 10 Earned Wage Access Software
1. Rain
Rain allows companies to compensate their employees early after their shift with its easy-to-use software. Rain has 47 employees and earns annual revenue of $11.8 million.
2. Wisely by ADP
Wisely by ADP allows employees to turn their employee payments into opportunities that enable them to save money with its flexible, convenient software. ADP has 68,098 employees and earns annual revenue of $15.4 billion.
3. Branch
Branch allows their enterprise clients to grow with user engagement software tools that help them measure the effectiveness of their marketing strategies. Branch has 457 employees and earns annual revenue of $58.9 million.
4. Proliant
Proliant’s payroll software is powerful for its “people-first” approach to compensating employees with its simple HR software capabilities. Proliant has 229 employees and earns annual revenue of $46.6 million.
5. Payactiv
Payactiv enables companies to compensate their employees early so they can get to live the life they wanted. Payactiv has 247 employees and earns annual revenue of $27.2 million.
6. Wagestream
Wagestream provides an earned wage access software that allows employers to keep track and manage their employees’ earned wages. Wagestream has 135 employees and earns annual revenue of $22.3 million.
7. Tapcheck
Tapcheck allows companies to manage employee benefits that can help make their office space productive. Tapcheck has 62 employees and earns annual revenue of $11.3 million.
8. FinFit
FinFit’s employee retention software allows companies to provide financial wellness for their employees. FinFit has 54 employees and earns annual revenue of $11.3 million.
9. ZayZoon
ZayZoon’s earned wage access software provides financial wellness software that encourages employees to be productive. ZayZoon has 51 employees and earns annual revenue of $7.3 million.
10. Clair
Clair enables companies to allow employees to get their salaries early. Clair has 49 employees and earns annual revenue of $7.1 million.
FAQs
What happens if employees withdraw their earned wages earlier than the scheduled payday through earned wage access software?
Employees who withdraw their wages earlier than the scheduled payday through the earned wage access software will see that the wages they withdraw in advance will be deducted from their next paycheck. The days when the wages weren’t withdrawn before the scheduled payday will serve as the new salary they earned on the scheduled payday.
What other software integrates well with earned wage access software?
Earned wage access software often integrates with payroll software and other HR software that has capabilities for employers and human relations to manage their employees’ data in the company.
How much does earned wage access software?
Pricing for earned wage access software is usually customized, with each software increasing its pricing as it offers more features through subscription tiers. Pricing for earned wage access software varies depending on the features available and the intended users. Small companies may benefit from low-cost earned wage access software while large companies may benefit from high-cost earned wage access software.
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